The number of down payment assistance (DPA) programs for homebuyers has reached an all-time high.

That’s according to the second-quarter 2024 Homeownership Program Index report from Down Payment Resource, which tracks homebuyer assistance programs. In Q2 2024, the number of down payment assistance options rose 2% relative to the previous quarter, while the number of organizations that offer DPA rose by 29 compared to Q1 2024.

The number of organizations using federal money to fund their programs is also increasing. 

The American Rescue Plan Act (ARPA) — President Joe Biden’s COVID-19 stimulus package passed in 2021, funded 24 programs in Q2 details ⇒

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